Lowery Asset Consulting, LLC (Chicago)


Lowery Asset Consulting, LLC is a large advisory firm based in Chicago. It manages $732.29 million of regulatory assets for 549 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Illinois, Louisiana, New Hampshire, and Texas.

Lowery Asset Consulting provides financial planning services, pension consulting services, selection of other advisers, and client consulting and advisory services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lowery Asset Consulting: assets under management

The assets under management (AUM) of Lowery Asset Consulting, LLC is $732.29 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is other assets, which make up 31% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lowery Asset Consulting, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lowery Asset Consulting serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and state or municipal government entities. The largest group of clients of Lowery Asset Consulting is high net worth individuals with 59 clients and $435.8 million of assets under management. Among the 8 most similar advisory firms, Lowery Asset Consulting has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $732.29 million for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lowery Asset Consulting doesn't advise any private funds.

Careers at Lowery Asset Consulting, LLC

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William George Lowery Chief executive officer & member 1 Jun 2002 75% - 100% 1289599
Sheila Mary Mcdermott Chief compliance officer 1 Oct 2004 Other 1161921
Phillip John Kosmala Chief compliance officer 1 May 2006 Other 5164417
Sheila Mary Mcdermott Chief compliance officer 1 Oct 2012 Other 1161921

Based in Chicago

The principal office where Lowery Asset Consulting, LLC performs its advisory services is located at 20 North Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 759-2314 or by fax (312) 759-2324. The normal business hours are 8:00 am to 4:45 pm on Monday - Friday. You can find more information about the New York firm at lac-chicago.com and its LinkedIn profile.